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The US-based Bitcoin ETFs (exchange-traded funds) have continued to struggle in terms of investor participation and interest over the last few weeks. In the last week of February, the crypto-based financial products witnessed a record-breaking $1.14 billion single-day withdrawal.

The story wasn’t any much different for the Bitcoin ETFs to start the month of March, registering a net outflow of nearly $800 million in the past week. This growing trend reflects the shift in the appetite and sentiment of institutional investors, especially in the United States.

Bitcoin ETFs Post $409 Million Daily Net Outflow

According to the latest market data, the United States Bitcoin ETF market posted a daily net outflow of roughly $409 million on Friday, March 7. This marked the fifth consecutive day of withdrawals for the Bitcoin exchange-traded funds.

Ark & 21 Shares Bitcoin ETF (with the ticker ARKB) saw the largest volume of withdrawals (over $160 million) on Friday. This was followed closely by Fidelity Wise Origin Bitcoin Fund (FBTC), which posted net outflows of approximately $155 million to close the week.

BlackRock’s Bitcoin Trust (IBIT), the largest Bitcoin exchange-traded fund by net assets, declined in net value by $39.85 million on Friday. Meanwhile, Grayscale’s Bitcoin Trust (GBTC) and Bitwise’s BTC fund (BITB) followed with total outflows of roughly $36.5 million and $18.6 million, respectively, on the day.

Source: SoSoValue

Interestingly, VanEck’s Bitcoin fund (with the ticker HODL) was the only one of the US-based Bitcoin ETFs that recorded a net inflow on Friday. The exchange-traded fund added about $617,500 in value to close the week.

As already mentioned, this single-day performance marked the fifth straight day of net outflows for the Bitcoin ETFs. The crypto-based products are yet to record an inflow day in March, as they last posted a net daily inflow on Friday, February 28.

This $409 million single-day withdrawal put the Bitcoin ETFs’ weekly performance at a net outflow of $799.9 million in the past week. Interestingly, this represents the fourth consecutive week (and the second-highest ever) of net outflows for the crypto exchange-traded funds.

Bitcoin Price At A Glance

The performance of the BTC exchange-traded funds in recent weeks somewhat mirrors the sluggish Bitcoin price action within this same period. The price of Bitcoin has been unable to sustain any positive momentum from the somewhat improving crypto climate in the United States.

As of this writing, the premier cryptocurrency is valued at around $86,100, reflecting an over 1% price decline in the past 24 hours. On the weekly timeframe, though, the Bitcoin price is up by more than 2%, according to data from CoinGecko.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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Bitcoin ETFs (exchange-traded funds) recorded significant net outflows this week, with institutional investors pulling out nearly $800 million amid market uncertainties.

Despite high expectations for the White House Crypto Summit, Bitcoin ETFs saw their fourth consecutive week of outflows, suggesting that institutional sentiment remains cautious. Over $4.5 billion in net assets have exited the market in the past four weeks.

Bitcoin and Ethereum ETFs Experience Heavy Outflows

Data on SoSoValue shows US Bitcoin ETFs faced total net outflows of $799.39 million this week after five consecutive days of negative flows.

The largest single-day outflow of the week occurred on Friday, with $409 million withdrawn from Bitcoin ETFs.

Data on Farside Investors corroborates the outlook. It shows that the largest contributors to Friday’s landmark outflows were Ark Invests’ ARKB and Fidelity’s FBTC ETF instruments. They posted $160 million and $154.9 million in negative flows, respectively.

BlackRock’s IBIT and Grayscale’s GBTC followed with $39.9 million and $36.5 million. Meanwhile, the other issuers, save for Bitwise (BITB), recorded zero flows.

Ethereum ETFs also continued their negative trend, logging a second consecutive week of net outflows.

These negative flows come despite anticipation that this would be a bullish week amid White House Crypto Summit hype. The outflows suggest that macroeconomic concerns and strategic market positioning have overshadowed the event’s impact.

Some analysts point to persistent fears over President Trump’s trade tariffs and broader economic instability. These, they say, sour institutional confidence. Specifically, industry experts have highlighted structural shifts in the market as a possible explanation for the ongoing capital flight.

Kyle Chasse recently explained that hedge funds have been exploiting a low-risk arbitrage trade between Bitcoin spot ETFs and CME futures. However, as these trades collapse, liquidity is withdrawn from the market, influencing sell-offs and outflows from crypto investment products.

QCP Capital Explains Crypto Market Reaction

Meanwhile, a recent report from QCP Capital provided additional insight into the market reaction. The firm noted that while the White House Crypto Summit was initially expected to be a key bullish catalyst, President Donald Trump preempted expectations by signing an executive order establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile.

Upon the signing, Bitcoin’s price dropped sharply from $90,000 to $85,000 in what analysts called a “sell the news” event. Market participants positioned for a bullish outcome at the summit were caught off guard, leading to a sharp sell-off.

“The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” read an excerpt in the QCP report.

This explains Friday’s climax of the week’s Bitcoin ETF outflows. Overall, it’s evident that macroeconomic factors are driving fears among institutional investors, at least for the short term.

This week in crypto was marked by major exchange updates and political shifts influencing digital assets. Taken together, the highlights display how the global cryptocurrency ecosystem continues to advance.

The following is a recap of the biggest stories that happened this week in crypto and will continue to shape the sector.

Pi Network’s PI on CoinMarketCap

Pi Network’s PI token made headlines this week when it successfully secured a listing on CoinMarketCap. The milestone will certainly increase the project’s visibility.

However, the excitement remains dampened by continued delays regarding its listing on Binance. The Pi Network community remains optimistic after significant voter support among the exchange’s community members.

The prolonged wait raises concerns about when and if Binance will approve its listing. Despite the setbacks, the token continues to attract a huge following. As BeInCrypto reported, Pi Network now boasts a followership of over 4 million on X (Twitter).

Trump Announced the US Crypto Reserve

US President Donald Trump shook the crypto space by proposing the establishment of a US Crypto Reserve. As BeInCrypto reported, he named XRP, Cardano (ADA), and Solana (SOL) as potential assets in the reserve.

This move aimed to boost the country’s positioning in the blockchain sector and provide a more stable framework for integrating cryptocurrencies into national financial structures. The announcement triggered both excitement and skepticism.

Analysts debated whether this proposal was feasible. On the other hand, experts predicted more altcoins could be added to the crypto reserve. As it happened, however, Commerce Secretary Howard Lutnick revealed Bitcoin would get preferential treatment.

US to Establish Strategic Bitcoin Reserve

It turned out that Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, funded with seized BTC, aiming to secure the US’ digital asset strategy.

“Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked. With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve,” the order read.

The order also authorized budget-neutral strategies for potentially acquiring more Bitcoin. Yet, critics argue that the reserve lacks substantive impact.

To some, however, Trump’s latest executive order presents as a rebranded version of past initiatives rather than a transformative step for crypto regulation. While the order emphasizes the potential of a national Bitcoin reserve and greater integration of blockchain into financial systems, critics argue that it repackages previously suggested policies without offering tangible steps forward.

This has led to speculation about whether the administration is taking genuine action or merely capitalizing on crypto’s popularity for political leverage.

Binance Delisting Concerns: 10 Tokens at Risk

In exchange-related news, Binance placed ten altcoins under review, signaling potential delistings due to regulatory concerns and insufficient liquidity. The uncertainty surrounding these tokens has led to market volatility, with investors closely watching for Binance’s final decision.

In the latest update, GoPlus Security (GPS) has joined the list, following the incorporation of a monitoring tag. It comes only days after it was listed on Binance.  

“The Monitoring Tag has been applied to GoPlus Security (GPS) due to a significant price drop immediately following the spot listing and certain market-making behavior of one of GPS’ market makers,” Binance said in a statement.

In the immediate aftermath of this announcement, GPS saw an immediate 49% decline in price. The sharp drop reflects the market’s sensitivity to Binance’s listing and delisting decisions.

Trump Hosts First-Ever White House Crypto Summit

Another of the top crypto news this week is the much-anticipated White House Crypto Summit. The event, which will take place today, marks the first event of its kind. Reports suggest that key topics will include regulatory frameworks, the role of crypto in national security, and the future of decentralized finance (DeFi).

Industry leaders, policymakers, and blockchain innovators will gather to discuss the path forward. However, many are waiting to see whether tangible policy changes will emerge from the discussions. Analysts suggest that while the event is a step in the right direction, the long-term impact depends on how the administration follows up with actionable measures.

A notable controversy at the summit was Ethereum’s indirect representation. Many in the Ethereum community expressed concerns that their blockchain was not given a direct platform, despite its critical role in the crypto ecosystem.

Following the summit, the crypto market could see increased volatility, with projects tied to summit attendees likely to experience price swings. Ted, a crypto investor, shared a list of altcoins poised for impact.

Notwithstanding, this week demonstrated how politics, regulation, and exchange activities shape the crypto playing field. With ongoing debates over listings, delistings, executive orders, and policy shifts, today’s Crypto Summit has the industry in flux.